Sell and Rent Back

Sell and rent back in the UK to avoid home repossession

Many homeowners are seeing their property prices drop drastically and it seems this will continue for some time. Negative equity is something that is a huge worry and along with this even while interest rates are at an all time low, many homeowners are struggling to keep maintaining their mortgage repayments. If you are one of the unlucky individuals and you cannot maintain your mortgage repayments and have tried putting your home on the market, you could lose thousands of pounds even if you can sell at all. However selling would allow you to pay off your mortgage, in this case you could look into being able to sell property and rent it back with a company specialising in buying properties.

A company that might buy my home and rent it back to me could allow me to pay off my mortgage and then I could stay on in the property by paying rent that was more affordable than the mortgage I was struggling to pay. I could even opt to buy back in the future for a price that was fixed at the time of selling which would of course allow me to become the owner again.

Related Entries